'We can't do it all.'
Federal Reserve Bank of Kansas City President Thomas Hoenig said theres a limit to how much more the central bank can help the U.S. economy and that the focus should now be on solving the countrys fiscal problems.
We cant do it all, Hoenig, the central banks longest- serving policy maker, said in an interview with Bloomberg Television that airs today. We have a problem in this country with debt and if we dont turn to the long run, we will be dealing with overnight crises for as far as the eye can see.
Hardliner Hoenig heeft gelijk. De Fed moet stoppen de economie van de VS met kunstingrepen drijvende te houden.